The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-04-30
THE WEEKS REVIEW.
R.,G. Dun & Co.'s Stateme of
Trade Prospects.
EFFECTS OF The NEW BILL.
The Business Failures-Ths Freight
Accommodations More sensation
On Its Travels.
Weekly Trade Review

New YORK, April Or. G. Dun &
Co.'S weekly review of trade says: The
interstate bill is doubtless charged
with much interruption of business
that does not belong TO it, but during
the past week evidences have multi
piled of its harmful effect; by conyinc-
Ing proof that Boston's export trade
wound be destroyed If the customary
rebates and faYoring rates were re-
fused, the commission was led to
virtually suspend operations of the
second section for the benefit of the
Boston roads. The Pacific railroads
obtained exemption and reduced their
rates, except the Union Pacific,
which was, by error, omitted.
In the session at Atlanta
the commission was informed of many
projected enterprises and contracts
which had been suspended until the
question OF rates could be settled. \
contract for 10000 tons of paving at
Marlboro, N. H., was refused, the rates
being advanced three times as much as
the expected profit. Vast quantities of
freight have accumulated at many
points, awaiting the results of appeals
10 the commission.
Louisville merchants offer complaints
as to the injury in some trades. New
Orleans expected improvement, butre
alizes now and finds business upset !;
Cleveland feels an injury in important
branches; Hartford manufacturers find
that the act threatens to exclude them
from many markets. Pittsburg and
Philadelphia attribute to the act much
dizziness, and iron manufacturers hold
that they have already sustained large
aggregate losses. Thus, while reac-
ton after the exceptional activity
of March was predicted, real
tainly results from the new law and
especially from the uncertainty as to
its requirements General reports OF
trade az nevertheless favorable, and it
is cheering to note how hopeful the
spirit is everywhere expressed. Money
is generally in good supply, though in
demand at Nashville and tighter at
New Orleans. Collections continue
fair, with improvement at Milwaukee c
and at Cincinnati, except in trades
affected by the strikes in building and
| manufacturing 1t is very good al
Nashville, Except in the tobacco
! trade, and less. delayed than
! might be expected. Where real
estate speculation RACES at many
points, unreasonable weather embar-
| rasses. The condition of the leading
branches of business is apparently inn
proving. a brighter sky is seen in the
boot and shoe trade, with increasing
orders. A better demand is seen for
some kinds of leather, and prices for
the new clip of wool, at the west, are
| higher than was expected, though in
the eastern markets there is no change.
Cotton has been slightly advanced by
manipulation. Cotton goods are at
present in moderate request, and print
cloths a shade lower, but the effect of
exceptional purchases iE March has not
yet passed. Wheat rose during the
| week, and reacted again. The battle
| between the western farmers, who
think the higher rail rates should be
borne by the consumers, and the
worlds markets, which refuse to adj
vance, does not go IN favor of the
farmers thus far. Coffee has been
feverish. OF all great Industries. iron
| manufacture is most unsettled, be-
cause of the inter state changes which
may check railroad building, while the
projected increase in production of iron
is heavy.
Business failures occurring through.
| out the country during the last seven
days number for the United States 1874
| and for Canada 81. Total 1911, against
| 1919 last week. and 207. for the CORES
ponding week of last year. =
j